Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION
Feb 3 2023 // The U.S. Commodity Futures Trading Commission said on Thursday that as a result of the ransomware attack on ION Trading UK the CFTC’s weekly Commitments of Traders report will be delayed until all trades can be...
Update: ION Trading UK Indicates Cyber Attack Could Take 2-3 Days to Resolve
Feb 2 2023 // UK regulators have started an investigation following a cyberattack on London-based ION Trading UK that’s snarled global derivatives trading. The Financial Conduct Authority and the Prudential Regulation Authority...
Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce
Feb 1 2023 // Powered by InsuranceJournal.tv Online retailers will need to remain as resilient as possible to combat increasing cyber crime in the wake of a pandemic surge in online shopping, according to David Emm, senior security...
Denmark Raises Cyber Security Alert Level After Attacks From Russian Hacker Groups
Feb 1 2023 // Denmark on Tuesday raised its cyber security alert level from “medium” to “high” after several attacks by pro-Russian hacker groups in recent weeks, the country’s Centre for Cyber Security...
People Moves: Batt Is Trium Cyber Head of Product; Tyng New Lead of HDI U.S. Captive Solutions; SiriusPoint Names Sigle Head of Claims; HUB Hires Chief HRO
Feb 1 2023 // Lloyd’s Trium Cyber Appoints Batt as Head of Product Trium Cyber, the first entity approved by Lloyd’s to launch a monoline cyber syndicate, has appointed Jeffrey Batt as head of product. As head of product,...
Coalition Launches Full-Stack Cyber Insurer for SMBs
Jan 31 2023 // Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition called the “the first full-stack, active cyber insurance carrier,”...
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally
Jan 30 2023 // A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients. Key elements of the facility include: Capacity: Access to up to 50 million (USD/ GBP/ EUR) of...
U.S. Says It ‘Hacked the Hackers’ to Bring Down Hive Ransomware Gang
Jan 27 2023 // The FBI on Thursday revealed it had secretly hacked and disrupted a prolific ransomware gang called Hive, a maneuver that allowed the bureau to thwart the group from collecting more than $130 million in ransomware demands...
Britain Sounds Alarm on Russia-Based Hacking Group
Jan 26 2023 // A Russia-based hacking group named Cold River is behind an expansive and ongoing information-gathering campaign that has struck various targets in government, politics, academia, defense, journalism, and activism, Britain...
Hannover Re Transfers Cyber Risks to Capital Markets via Proportional Reinsurance
Jan 24 2023 // Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly in coverage of its cyber risks through a quota share cession. Longstanding partner Stone...
Australia’s Health Care System Prime Target for Cyber Attackers: Minister
Jan 24 2023 // Australia’s hospitals and health care system are at a high risk from cyberattackers targeting citizens’ personal data, the home affairs minister said, adding the country needed to step up its efforts to combat...
People Moves: Marshall & Sterling New Senior Leadership; Rock Hired as Trium Cyber Claims Chief; Nexus Nabs Product Recall Specialist Darlea
Jan 24 2023 // Marshall & Sterling Names New Senior Leadership Team Marshall & Sterling Enterprises, Inc., has appointed Eric Diamond as chief executive officer. Prior to joining Marshall & Sterling in 2009, Diamond was...
Cyber Attack Hits 1,000 Merchant Ships as Norway Firm Targeted
Jan 20 2023 // A cyberattack on a Norwegian shipping services firm ensnared about 70 companies and 1,000 ships. Oslo-based DNV, one of the world’s top ship-classification firms, suffered a ransomware cyberattack on Jan. 7, it said...
People Moves: Law Firm Constangy Expands With New Cyber Team; Kimball Hughes PR Promotes Coyne; NFP Hires Ferreira to Lead Pro Liability
Jan 20 2023 // National labor and employment law firm Constangy, Brooks, Smith & Prophete welcome a 44-member team, including 32 experienced attorneys, in a significant expansion of the firm’s cybersecurity & data privacy...
T-Mobile Investigating Data Breach Involving 37 Million Accounts
Jan 20 2023 // U.S. wireless carrier T-Mobile said on Thursday it was investigating a data breach involving 37 million postpaid and prepaid accounts and that it expected to incur significant costs related to the incident. The company...
Fewer Companies Are Paying Ransoms to Hackers, Researchers Say
Jan 19 2023 // Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the blockchain forensics firm...
Ransomware Attack Closes 300 Yum Brands Eateries in UK for a Day
Jan 19 2023 // Yum! Brands, Inc. on Wednesday announced that a ransomware attack affected certain information technology systems. Almost 300 of its restaurants in the United Kingdom were closed for one day, but the company said all...
FTX Reports $415M in Hacked Crypto, Bankman-Fried Says FTX U.S. Is Solvent
Jan 18 2023 // Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks. FTX has said it had recovered over $5 billion in crypto, cash and liquid securities,...
Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
Jan 18 2023 // Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row, according to Allianz’s Risk Barometer 2023. At the same time, macroeconomic developments such as inflation,...
The Insuring Cyber Podcast’s Most Listened Episodes of 2022
Jan 18 2023 // Powered by InsuranceJournal.tv From the next wave of InsurTech to diversity and inclusion within the cybersecurity and insurance industries to bias within artificial intelligence technology, The Insuring Cyber Podcast...
